Rhumbline Advisers decreased its stake in AvalonBay Communities, Inc. (NYSE:AVB) by 4.7% in the third quarter, while other institutional investors like Vanguard Group Inc. and State Street Corp increased their holdings. The real estate investment trust recently reported quarterly earnings that beat consensus estimates and announced an increased quarterly dividend. Analysts currently have an average “Hold” rating on the stock with an average price target of $200.91.
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AvalonBay Communities, Inc. $AVB Stake Lessened by Rhumbline Advisers
Rhumbline Advisers decreased its stake in AvalonBay Communities, Inc. (NYSE:AVB) by 4.7% in the third quarter, while other institutional investors like Vanguard Group Inc. and State Street Corp increased their holdings. The real estate investment trust recently reported quarterly earnings that beat consensus estimates and announced an increased quarterly dividend. Analysts currently have an average “Hold” rating on the stock with an average price target of $200.91.